Market Microstructure.
Position | Program and Working Group Meetings - Conference news - Brief article |
The NBER's Working Group on Market Microstructure met in Cambridge on May 29. Organizers Charles I. Jones, NBER and Stanford University; Eugene Kandel, Hebrew University, Jerusalem; Group Director Bruce Lehmann of NBER and the University of California, San Diego; and Avanidhar Subrahmanyam, University of California, Los Angeles, chose these papers for discussion:
* Ronnie Sadka, Boston College, "Liquidity Risk and the Cross-Section of Hedge-Fund Returns"
* Shane A. Corwin and Paul Schultz, University of Notre Dame, "A Simple Way to Estimate Bid-Ask Spreads from Daily High and Low Prices"
* Alain Chaboud, Erik Hjalmarsson, and Clara Vega, Federal Reserve Board, and Benjamin Chiquoine, The Investment Fund for Foundations, "The Rise of the Machines: Algorithmic Trading in the Foreign Exchange Market"
* Lawrence E. Harris, University of Southern California; Ethan Namvar, University of...
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